Stop Loss Triggered on the open as sellers rush into the market

Closed Alert BXB after a weak open triggered the Stop Loss Level

The Alert is now closed

 


Original Alert 12/11/18

New Buy Entry Alert BXB

 

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services/Industrials

Key Stats : $16.83 Billion Market Cap, VWAP 10.668, ASX Ranking 20, 4 Week Av Turnover $38,956,718, Current Turnover (Intraday as at time of alert) $7,116,902, PE Ratio 16.6, Div Yield 2.75%.

Company Overview : Brambles Limited (BXB) is a supply-chain logistics company operating in more than 50 countries, primarily through the CHEP and IFCO brands. BXB specializes in the pooling of unit-load equipment and the provision of associated services. BXB is focusing on the outsourced management of returnable pallets, crates and containers.

Broker Consensus : HOLD

 

BXB – Brambles Limited

BXB is finding support and having a strong day as the buyers move price higher. We are happy to buy on a push up through 10.81 and will hold the stop loss at 10.18. If price falls down through 10.18 prior to entry, cancel the alert and re-assess the action.

 

Stock Code : BXB – Brambles Limited

Company Website : www.brambles.com

Current Price : 10.735

New Buy Entry Level (Trigger Level) : 10.81

Potential Sell Exit Zone (Stop Loss) : 10.18

Status : On watch for a Buy entry trigger

 


Previous Alert 9/11/18

Potential Buy Entry Alert BXB

 

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services/Industrials

Key Stats : $17 Billion Market Cap, VWAP 10.585, ASX Ranking 20, 4 Week Av Turnover $42,090,270, Current Turnover (Intraday as at time of alert) $7,116,902, PE Ratio 16.8, Div Yield 2.72%.

Company Overview : Brambles Limited (BXB) is a supply-chain logistics company operating in more than 50 countries, primarily through the CHEP and IFCO brands. BXB specializes in the pooling of unit-load equipment and the provision of associated services. BXB is focusing on the outsourced management of returnable pallets, crates and containers.

Broker Consensus : HOLD

 

BXB – Brambles Limited

BXB is holding up nicely since the below alert as buyers defend the 10.20 support area. We are now watching for further buying pressure and a rally to build the higher low and then the buy entry setup.

 

Stock Code : BXB – Brambles Limited

Company Website : www.brambles.com

Current Price : 10.59

Status : On watch for buy entry setup